The Captains Chest - Naked Trading & Other Stuff

Post by **rewand** » Thu Oct 20, 2016 3:03 pm

Mac » Thu Oct 20, 2016 1:40 pm wrote:Hi CJ,

How we can explain that what happened today on the EUR/USD ? I remember you wrote that they prepared for a big up move. How you avoid these situations, you do not play on the market news?

Set-ups can change from one day to another. Do not trade what you do not understand and do not get married to a trade is the lesson. It is not that I have fully mastered these ones though..

Captain Jack · Post by **Captain Jack** » Thu Oct 20, 2016 3:43 pm

Mac » Thu Oct 20, 2016 9:40 am wrote:Hi CJ,

How we can explain that what happened today on the EUR/USD ? I remember you wrote that they prepared for a big up move. How you avoid these situations, you do not play on the market news?

Nothing has changed... I've explained numerous times in the past how "news" is used to cover manipulation in the market. I'll not cover it again.

-CJ-

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mwof · Post by **mwof** » Thu Oct 20, 2016 4:05 pm

Stopped out of eur /usd and I had set the stop down in the 30s. Unbelievable

Post by **rewand** » Thu Oct 20, 2016 4:19 pm

mwof » Thu Oct 20, 2016 4:05 pm wrote:Stopped out of eur /usd and I had set the stop down in the 30s. Unbelievable

Look at my set-up, you were not supposed to lose money on this one. My TP was where the expected L1 is indicated, that's exactly where the candles closed and turned back. Look at CJ's set-up, exactly the same. Maybe your entry was late or your TP too far?

Captain Jack · Post by **Captain Jack** » Thu Oct 20, 2016 4:22 pm

mwof » Thu Oct 20, 2016 12:05 pm wrote:Stopped out of eur /usd and I had set the stop down in the 30s. Unbelievable

That's why they call them "stop hunts"

-CJ-

jksynergyworks · Post by **jksynergyworks** » Thu Oct 20, 2016 4:31 pm

Captain Jack » Fri Oct 21, 2016 12:22 am wrote:
mwof » Thu Oct 20, 2016 12:05 pm wrote:Stopped out of eur /usd and I had set the stop down in the 30s. Unbelievable
That's why they call them "stop hunts"

-CJ-

Just curious, are you also being stopped out?

Captain Jack · Post by **Captain Jack** » Thu Oct 20, 2016 4:45 pm

jksynergyworks » Thu Oct 20, 2016 12:31 pm wrote:
Captain Jack » Fri Oct 21, 2016 12:22 am wrote:
mwof » Thu Oct 20, 2016 12:05 pm wrote:Stopped out of eur /usd and I had set the stop down in the 30s. Unbelievable
That's why they call them "stop hunts"

-CJ-
Just curious, are you also being stopped out?

What do you mean Jason?

-CJ-

jksynergyworks · Post by **jksynergyworks** » Thu Oct 20, 2016 5:17 pm

Captain Jack » Fri Oct 21, 2016 12:45 am wrote:
What do you mean Jason?

-CJ-

The price reversal was so sudden. Did you manage to close the trades in time?

Mac · Post by **Mac** » Thu Oct 20, 2016 5:22 pm

I have the same questions. Moreover, in the case of such news most of the brokers will not allow you to close your positions because you get the pop up message with requote...

Captain Jack · Post by **Captain Jack** » Thu Oct 20, 2016 5:37 pm

jksynergyworks » Thu Oct 20, 2016 1:17 pm wrote:
The price reversal was so sudden. Did you manage to close the trades in time?

I practice what I preach. Protect your trade, take what's given and don't give it back. These were posted previously as were others... Some day, somebody's gonna learn.

Those red lines are my protective stops, which are hit on the return. The lower red line is a TP for one short order up top, to cover the losses of the buys above the SL's.

-CJ-

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